Similar to the first beta, the second beta test going on right now was plagued with issues. At first, Capcom announced it was unlikely they'd be able to fix the problem but ended up sending out a quick patch that fixed some of the matchmaking problems.
Some people have managed to be able to play without problems since then while others are still having connection issues with the beta.
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Capcom detailed the situation in an employee blog. According to the developer, several new problems came about recently which affected the rate at which matches are made. It's said that matchmaking is very slow right now. As Capcom put it, the beta "[isn't] operat[ing] exactly as we intended."
Things probably won't get better either. Capcom says that "[it's] not confident that the matchmaking rate will improve significantly throughout the course of the beta period. That said, user experience will vary." Regardless, the servers will be kept on for the previously-announced time frame.
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